Gwyneth Paltrow Shows Off Her Eye-Popping Engagement Ring At The Producers Guild Awards

January 21, 2018 4:01 PM PST

Gwyneth is showing off her
engagement with a gorgeous ring!

The bride-to-be debuted her new rock at the 29th Annual
Producers Guild Awards on Saturday. She wore a bright red gown with a statement shoulder pads, and a cape-like style, but
the focal point of her look was the giant, blue gem on her finger.

Gwyneth Paltrow and Ryan Murphy at the 29th Annual Producers Guild Awards on January 20, 2018.

Gwyneth Paltrow at the 29th Annual Producers Guild Awards on January 20, 2018.

The 45-year-old actress confirmed
her engagement to "Glee" co-creator Brad Falchuk on January 8 in an issue of GOOP magazine.

Gwyneth shared the cover
shot – with her and Brad looking happy in matching T-shirts
– on her Instagram, and aptly captioned the post
with a ring emoji.

The lovebirds first met in 2010
when Gwyneth taped a guest stint on her future fiancé's show, and began dating
five years later.

"Personally, at midlife, I have tried to accept how complex romantic love
can be," Gwyneth wrote
in GOOP about her second engagement. "I have decided to give it a go
again, not only because I believe I have found the man I was meant to be with,
but because I have accepted the soul-stretching, pattern-breaking opportunities
that (terrifyingly) are made possible by intimacy."